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Greek funds in Swiss bank accounts to be attracted to tax

Greek funds in Swiss bank accounts to be attracted to tax

13 December 2011 08:04 (UTC +04:00)

Finance Minister Evangelos Venizelos said spoke after meeting in Athens with officials from the European Commission, the European Central Bank and the International Monetary Fund on how to keep his debt-strapped nation afloat.

To battle tax evasion, Venizelos said Greece would sign a deal with Switzerland shortly on potentially taxing Greek funds in Swiss bank accounts. The deal will be similar to agreements Switzerland has with Britain and Germany.

Greek authorities were looking at Greek funds sent to Swiss bank accounts in 2009 and 2010, and were awaiting details for 2011, Venizelos said. If inconsistencies were found between declared income and money sent to such accounts, then cases would be investigated.

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